Why should governments accept Crypto currencies?

[Dudeperfect]

To be honest, there is no other option for the government that is beneficial to everyone. If the government is not recognising Bitcoin or any other cryptocurrency then the users might use it without the permission of the government and there is a threat of an increase in misuse of legal channels for an illegal purpose. On the other hand, the government can monitor the crypto funds flow by recognising it in the eyes of law and punish them who are using it for the unlawful purpose.

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[wolfdragon]

One reason is enough - it will be easier for people to live. Transparency and security of cryptocurrency is already enough to use it!

In your opinion one reason is enough, but in their opinions and with the government's studies a lot of reasons are valid one they are not accepting cryptos as a currency..

[larrylegend33]

Yes, i believe that the goverments should accept bitcoin and cryptocurrency in my opinion too.. I think they are aware its advantage and working about the solutions. The blockchain and crypto systems would never harm anyone and they know that. I think the main problem the goverments are having is taxing. If they find how to tax the cryptocurrency everything will be shinny in every market.

[andriw]

The blockchain provides transparent and easy-to-track transaction records so that able to reduce the level of payment errors, money laundering and corruption. this is what the government must pay attention to why blockchain technology must be implemented immediately.

[tiktak89]

I think bitcoin transactions will be much easier to bring to the public eye. And that's why everyone is so afraid of him, he will make all financial transactions much more transparent. And that's just to simplify all financial transactions and reduce the amount of illegal payments.

[Kaznachej123]

Some people like to know that there are rules governing a crypto they are investing in. Those that are skeptical about cryptos due to the fact that your money can just disappear and nothing you can do about it, would be more comfortable with a centralized rule-based coin!

[goodluck0319]

sooner or later, the introduction of blockchain technology will happen, so you do not need to worry about it)

[ratatat bangbang]

Government should accept crypto currencies because it is trend. Many people already joining in crypto currencies because it can help them earn money and also it is very useful in terms of future happenings.

[arya123210]

because the longer the world will always develop. so, in my opinion the world government must accept cryptocurrencies. because it will facilitate human transactions in any field for the future. if the world government rejects cryptocurrencies, then they want to be left behind and do not want to follow the development of the times that are now slowly beginning to advance.

[jbarcenas18]

Corrupt practices of the government can cause down grade of a country level and the country itself would not be able to compete for a rich country that corrupt government is prohibited. Then if corrupt government accept crypto currency and their corrupt money put into it maybe it will hide their identity using fake personal data.

[OSEIBOATENG]

Governments have now frowned to cryptocurrencies and I think it is a really bad idea. Now the blockchain technology have been integrated into so many industries and its working for them. I think its going to be the future of the world and therefore needs attention but not banning them.

[goldSkylark]

Governments should accept cryptos for the simple fact that it would benefit themselves and the rest of society. They’re interested in crypto and blockchain too and they just want to ensure that they’re receiving tax dollars and that money isn’t going toward illicit use, am I right?

[dunkindonuts]

Because at present, the cryptocurrency co-expression is showing its worth in the market. They can change the economies of underdeveloped countries. Governments that provide Cryptocurrency and other service or business areas of the people may be able to help Cryptos develop so much.

[Vincemanam21]

Cryptocurrency will bring each people a proper and transparent transactions in the government nowadays, because every transactions made is registered in all peers throughout a system or a network, and also hackers cannot invade this kind of technology.

[Yantoaja]

I think that is what they fear, or maybe because they do not know for sure whether the blockchain can actually be tracked or not, but from the start of some developed countries that accept BTC in their country, we can conclude that there are some countries that do not use btc is money laundering if they know that blockchain can be tracked, and there are also rumors saying that BTC is made by cia, but that is just a rumor that is uncertain.

[Siti Nurbaya]

Indeed, it must be able to accept crypto for the future, with current developments, many countries have been able to accept competition. I think the government is giving a good policy if this happens, freedom of argumentation can be realized and good for all development.

[nuraziaaziz]

The government should accept the crypto currencies as it will prevent counterfeiting, better record-keeping and monitoring of transactions.

[lagersagotar]

Acceptance of bitcoins brings many benefits to the government and users. Users will be assured of transparency in transactions and investments, the technology that bitcoin brings will help the government manage better in all areas.

[gorkem]

Your words have a place to be..I propose to read a very good today's article which is just connected with the decentralization of cryptocurrencies.https://news.bitcoin.com/majority-of-crypto-assets-are-highly-centralized-research-finds/ I think after reading the results of this study, many people will have no thoughts about total decentralization.From my message, we can conclude that if most of the crypto-currencies are centralized, then we can assume that they are not anonymous.

[Ucy]

Fear of losing control could be the main reason for the oppositions. Blockchain is too transparent. Unlimited money won't be printed anymore.


Facists fear what they can't control. Most of the politicians are actually fascists or puppets of fascists. A true leader who practices what he preach wouldn't undermine the growth of Cryptocurency. He instead would go into serious Blockchain research rather than kill it